Agilent, Home Depot, Millennium

MichaelBaron

Corrects closing stock price for Millenium.

Among the companies whose shares are expected to see active trading in Tuesday's session is Applied Materials
AMAT, +3.39%
The chip equipment maker is expected to report second-quarter earnings of 19 cents a share, according to analysts polled by Thomson First Call.

Autodesk's
ADSK, +3.83%
first quarter is expected to show a per-share profit of 30 cents.

Deere
DE, +2.84%
is seen reporting second-quarter earnings of 25 cents a share.

Hewlett-Packard
HPQ, +2.45%
is expected to report a second-quarter profit of 34 cents a share.

First-quarter results for Home Depot
HD, +2.69%
are seen showing earnings of 43 cents a share.

J.C. Penney
JCP, -2.22%
is expected to post a profit of 34 cents a share for the first quarter.

Fiscal fourth-quarter numbers are due out from Network Appliance
NTAP, +1.71%
for which the data storage equipment maker is seen reporting a per-share profit of 12 cents.

Computer Sciences
CSC, -2.23%
posted sales growth of 30 percent in its fiscal fourth-quarter late Monday, helped by strong demand for technology outsourcing by the U.S. government. For the quarter ended April 2, the El Segundo, Calif.-based company reported fiscal fourth-quarter net income of $190.6 million, or $1.01 a share, and revenue of $4 billion. During the same quarter last year, Computer Sciences earned $162.7 million, or 93 cents a share, on sales of $3.08 billion. See full story.

Agilent Technologies
A, +1.57%
posted a second-quarter profit, reversing a year-earlier loss, as overall product orders rose 24 percent. Agilent reported a net profit of $104 million, or 21 cents a share, compared to a loss of $146 million, or 31 cents a share during the same period a year ago. Excluding $15 million in charges, Agilent earned $119 million, or 24 cents a share to meet the average estimate of analysts surveyed by Thomson First Call. Revenue reached $1.83 billion, which topped analysts' consensus estimates of $1.69 billion. See full story. Agilent shares moved up 3 percent to $26.25 after the bell.

Teleflex
TFX, +1.26%
said that it will buy Hudson Respiratory Care for $460 million in cash. The price includes future tax benefits exceeding $60 million as well as the retirement of all existing Hudson debts. See full story. Shares of Teleflex closed down 66 cents at $44.34 ahead of the announcement.

Endo Pharmaceuticals
ENDP, -1.52%
said it may launch a generic form of the OxyContin pain tablet before a court confirms its patent. the drugmaker said the launch would come after a court decides whether Purdue Frederick's patents for OxyContin are valid, but then said, in the future it may "decide to launch its Oxycodone extended-release tablets in advance of the appellate court decision." See full story. The Chadds Ford, Pa.-based company's stock was down $1.15, or 5 percent, at $22.75 in the after market.

Insurer Chubb
CB, +0.55%
said it's received a subpoena from the New York attorney general's office seeking information about compensation agreements between brokers and Chubb's companies. Chubb said it will "cooperate fully with the inquiry." Chubb is the latest in a string of insurance companies in Spitzer's latest investigation. Other firms subpoenaed include, Aon
AOC, +2.56%
Marsh & McLennan
MMC, +2.04%
and Willis Group Holdings
WSH

Millennium Pharmaceuticals
MLNM
reported successful results from a Phase III trial of its Velcade chemotherapy treatment for patients with multiple myeloma. Millennium said the drug, with is being co-developed by a unit of Johnson & Johnson
JNJ, +1.24%
produced a statistically significant survival rate. See full story. Millennium shares closed up 1 cent at $13.56. In after-hours trading, the stock rose another $1.22, or 9 percent, to $14.78 and briefly traded over $16.

Jones Apparel
JNY
said that it is extending its $20-a-share hostile takeover offer for Maxwell Shoes
MAXS, +0.48%
until June 21. The offer was set to expire at 5 p.m. Eastern time May 17. The Maxwell board has encouraged shareholders to reject the offer, which it considers too low. Shares of Jones Apparel ended the session at $35.92, off 73 cents or 2 percent. Maxwell shares slipped 15 cents to $22.

EMC
EMC, +4.17%
announced a U.S. District Court jury ruled that Hewlett-Packard
HPQ, +2.45%
infringed on three EMC patents in a case dating to 2000. The case concerns H-P's OpenView Continuous Access Storage Appliance and EMC's SRDF and TimeFinder software.

Bisys
BSG, -32.75%
plans to restate results for 2001, 2002, 2003 and part of 2004 to reflect commission adjustments for one of its units, the company said late Monday. The specialty finance firm also said it would delay filing its 10-Q for the third-quarter. Bisys' said the adjustment of commission receivables in its life insurance division will increase to between $70 million and $80 million from $24.7 million. The firm also reaffirmed its fourth-quarter earnings forecast of 16 cents to 18 cents a share, excluding items. Shares of Bisys fell 16 cents to $3.26 ahead of the announcement.

Nortel Networks'
NT
(NT) directors, officers and certain current and former employees were temporarily banned from trading Nortel shares by the Ontario Securities Commission, the company said late Monday. The trading ban was imposed as a result of Nortel's inability to file timely financial statements. The temporary order is expected to become permanent in the next 15 days. The ban would be lifted two business days after the commission received the required filings. The order also applies to the company's principal operating subsidiary, Nortel Networks Limited. Shares of Nortel fell 31 cents to $20.93 on the New York Stock Exchange.

King Pharmaceuticals
KG, +0.00%
said late Monday it named Brian Markison acting president and CEO after Jefferson Gregory resigned. Markison had been King's chief operating officer since March. The firm also named Ted Wood non-executive chairman to replace Gregory, who had been chairman.

Iomega
IOM, -3.29%
said Chief Financial Officer Barry Zwarenstein will leave the storage technology firm next month to take a similar position with a company closer to his home near San Francisco. See full story. Shares of Iomega closed down 13 cents at $4.40 ahead of the announcement.

Michael Dugan, head of CSFB's capital goods investment banking group in London, has joined the Blackstone Group, according to a statement Monday from the buyout firm. Dugan, who was also managing director of CSFB's mergers and acquisition group in New York, will be senior managing director of Blackstone's corporate advisory group. Before his tenure at CSFB, Dugan was managing director of DLJ's M&A Group. CSFB is the investment banking unit of Credit Suisse Group
CSR, -3.77%

Magna International
MGA, +1.54%
and DaimlerChrysler
DCX
said that Magna will buy the German automaker's New Venture Gear unit for $435 million. The NVG unit, which specializes in drivetrain technology, had sales of $1.5 billion last year.

Coventry Health Care
CV.H, -37.50%
said that it will acquire OmniCare Health in a $12.6 million cash deal that includes 63,000 Medicaid subscribers. Coventry said the deal will be effective Oct. 1. Shares of Coventry fell 20 cents to $46.00 ahead of the announcement.

Micromuse
MUSEE
reported second-quarter earnings missed analysts' estimates. The software firm reported earnings of 4 cents a share, excluding items. Analysts surveyed by Thomson First Call were looking for a profit of 5 cents a share. Micromuse reported net earnings of $559 million, or a penny a share, vs. a loss of $224 million, or breakeven. Revenue rose to $38.3 million from $32.1 million. Micromuse said it expects to make third-quarter earnings of 1 cent to 3 cents a share, and 4 cents to 6 cents on a pro forma basis. The company expects revenue of $38 million to $40 million. Shares of Micromuse were trading at $6.60 after hours, down 23 cents.

Vintage Petroleum
VPI, +0.00%
has put its Canadian oil and gas reserves under strategic review, the company said late Monday. The energy firm said it is considering selling the assets. Vintage said the move comes as it tries to improve shareholder value following recent management changes. The Canadian reserves accounted for 3 percent of Vintage's total reserves at the end of 2003. Shares of Vintage closed down 20 cents at $14.37 ahead of the announcement.

EnerSys has filed for an initial public offering, the maker of power-supply systems said late Monday. The number of shares to be offered and the price range have not yet been determined. Morgan Stanley and Lehman Brothers will be the lead bookrunning managers, with Banc of America as co-lead manager. EnerSys is based in Reading, Pa.

Intermagnetics General
IMGC
is acquiring privately held MRI Devices for $100 million in cash and stock, the company said late Monday. The medical products firm said the deal will be immediately add to operating earnings and cash flow. Intermagnetics said the acquisition will add earnings of 20 cents per share, excluding acquisition-related charges, during fiscal 2005. The company raised its 2005 sales forecast to nearly $300 million and sees operating earnings per share of $1.55 to $1.65. Intermagnetics also reaffirmed its 2004 earnings forecast of 90 cents to 92 cents a share and sales of $160 million. Shares of Intermagnetics closed down 80 cents at $23.67 ahead of the announcement.

Monday's advancers

Biophan Technologies'
BIPH, +10.00%
shares rose more than 21 percent after the company bought a majority stake in TE-Bio, which helps develop implanted medical devices such as pacemakers. Terms were not disclosed.

Chalone Wine Group
CHLN, +0.00%
gained almost 13 percent after the company received an acquisition offer from Domaines Barons de Rothschild, Constellation Brands
STZ, +2.36%
and Huneeus Vintners.

FSF Financial
FFHH
soared nearly 22 percent after the privately-held MidCountry Financial said it's buying the bank for $35.00 a share. MidCountry has two units, the Illinois-based Heights Finance and Minnesota-based Bayside Bank. FSF has four units based in the Midwest. The parties expect the deal to close in the fall.

I.D. Systems
IDSY, +0.00%
rose more than 9 percent after the company's radio frequency identification system passed a series of tests conducted by the Federal Aviation Administration and the Transportation Security Administration at Newark Liberty International Airport. The Hackensack, N.J.-based wireless technology firm said the system is designed to provide vehicle security and fleet management capabilities. The company also received a funding increase of $250,000 for its current program with the FAA and TSA.

Introgen Therapeutics
INGN, +1.07%
gained almost 5 percent after the Austin, Texas-based biotech firm announced that preclinical data said two of its licensed viruses show potential as cancer therapies. Introgen has licensed rights to these viruses and other related technologies from VirRx, Inc. The two viruses are designed to be active in specific types of cancer cells and kill them via viral replication.

Kmart
KMRT
shares advanced nearly 10 percent after the company reported fiscal first-quarter earnings of $93 million, or 94 cents per share, up from a loss of $862 million, or $1.63 per share, a year ago. The Troy, Mich.-based retailer said adjusted income for the April period was $165 million, compared to a loss of $39 million last year, when the company was in bankruptcy. The single analyst estimate as polled by Thomson First Call was for first-quarter earnings of 15 cents per share. The company said the improvement in sales was due "primarily" to a decrease in selling, general and administrative expenses. The first-quarter income was also impacted by sales of assets of $32 million in the current quarter, compared to charges of $37 million in the same period in 2003. Same-store sales decreased 12.9 percent year-over-year. Kmart said this occurred due to company-wide promotional events in the first quarter last year along with a reduction in advertising and the distribution of circulars in the current year. Total sales fell 25.3 percent to $4.6 billion, due to the closure of 316 stores in the first quarter a year ago.

Lexar Media
LEXR
shares surged almost 10 percent after the Fremont, Calif., firm agreed to manufacture removable digital memory cards for Eastman Kodak
EK
The multi-year deal calls for Lexar to produce the cards under the Kodak brand. Lexar expects the cards to be available in the fourth quarter.

MIIX Group
MIIXE
shares jumped more than 87 percent after the medical liability insurance seller said late Friday that it received an offer from a potential acquirer with other insurance holdings. The company said any terms must be negotiated subject to due diligence.

Shares of SOHU.COM
SOHU, +2.95%
tacked on nearly 6 percent after the company bought Beijing G. Feel Technology Co., a Chinese provider of wireless services, for $18 million. The Beijing-based telecommunication firm said the acquisition will add 800,000 monthly paying subscribers. Beijing G. Feel Technology's revenue for the first quarter 2004 was $1.3 million and for 2003 was $1 million.

US.-listed shares of Stelmar Shipping
SJH
climbed more than 10 percent after OMI Corp said it was currently in talks to merge with the Greek shipping group. Under the provisional terms of the deal, Stelmar would make up 40.5 percent of the newly-merged group, in an all-share deal.

Monday's decliners

Shares of Allied Healthcare
AHCI
lost almost 11 percent after the company reported second-quarter earnings of $1.6 million, or 7 cents per share, up from its year-ago profit of $700,000, or 3 cents per share. A single analyst polled by Thomson First Call forecast a second-quarter profit of 10 cents per share. The New York-based provider of flexible healthcare staffing services in the U.K. said it invested $1 million in programs to meet newly introduced regulatory standards in the UK nursing and care industry over the past six months. In addition, the company has incurred approximately $150,000 in costs related to the transfer of its shares onto the NASDAQ Stock Market. Revenue rose in the latest three months to $80.2 million from $71.7 million in the same period a year earlier. Allied Healthcare also said it has filed a registration statement with the Securities and Exchange Commission for the sale of an as yet undetermined amount of common stock.

American Equity Investment Life Holding
AEL, +0.39%
more than 9 percent after the company postponed the sale of $150 million in notes because of market conditions.

Shares of Arris Group sank more than 13 percent after American Technology Research analyst Rob Sanderson cut his rating on the stock to "hold" from "buy" on concerns that competitor Cisco Systems
CSCO, +1.85%
has regained lead vendor status at Comcast. Comcast
CMCSK
Sanderson noted, accounted for 32 percent of Arris' sales in 2003. "We cannot confirm, but are no longer comfortable recommending the stock with this uncertainty," Sanderson told clients. "We do not attribute recent stock weakness to concerns of share loss to CSCO and believe this could represent another leg down if [it] proves true," he said.

Citizens Financial
CNFL
shares fell 8 percent after the Louisville, Ky. insurance company reported a first-quarter loss of $110,00, or 7 cents per share, down from earnings of $333,000, or 20 cents per share, a year ago. The company attributed the decline to a 21 percent decrease in premium income and increased mortality rates. Premiums for the company's "Preneed" products declined $2 million, or 53 percent, while "Preneed" death claims fell $11,000.

Covansys
CVNS
dropped more than 13 percent after the company delayed the filing of its 10-Q quarterly report pending the completion of the proper accounting for physical losses and obsolescence of some of its property and equipment, mainly computers and related peripherals. The information technology group said the equipment has a current net book value of around $2.5 million, and represents less than 1 percent of total assets. Pending the release of its full results, Covansys said revenues for the first quarter slipped to $93.4 million from $96.6 million in the year-ago quarter.

Embraer
ERJ, -3.53%
shares gave back more than 7 percent after the Brazilian maker of smaller passenger planes reported first-quarter net income early Saturday of $103.3 million, or 59 cents a share, on revenue of $626 million. That is up from the year earlier earnings of $49 million, or 25 cents a share, on $489 million in sales. In the final quarter of 2003, sales had been $649 million, though net income was lower as the company recorded higher research and development expenses. Embraer, which has been gaining orders in the U.S., said it delivered 23 planes in the quarter, the same as a year earlier but seven fewer than in the prior quarter.

Escalon Medical
ESMC, +27.11%
shares lost more than 14 percent after the medical products maker said late Friday that it began the exchange of its shares in the acquisition of Drew Scientific Group (UK:DRW: news, chart, profile). With Drew shares valued at about 11 cents and Escalon shares at $21, each Drew share would be swapped for 0.0051 Escalon shares. Escalon said it expects to issue about 454,000 shares in the transaction.

Gateway
GTW
shares tumbled almost 14 percent after the company's relationship with Affiliated Computers Services
ACS, +0.00%
was terminated. Affiliated Computer, which plans to transition outsourcing operations back to Gateway in the next 90 days, attributed the decision to a change in Gateway's business strategy following its acquisition of eMachines in March. The move dissolves what was to be a seven-year relationship between the companies that began in September. Affiliated, which had provided information technology, human resources, and finance and accounting services for Gateway, said the dissolution of the deal was "amicable" from "both a business and financial perspective." See full story.

Shares of Hdfc Bank
HDB, +0.47%
fell nearly 12 percent, making the India-based bank the top percentage decliner on the New York Stock Exchange. The move reflects the sell-off in India's stock market overnight due to apprehension about the country's new leadership. Virtually any stock with a connection to India was selling off in the U.S. including ICICI Bank (IBN: news, chart, profile), Rediff.com (REDF: news, chart, profile), Satyam Computer (SAY: news, chart, profile), Infosys
INFY, +0.85%See full story.

Huffy
HUF, +0.00%
lost almost 18 percent after the company moved the date of its quarterly earnings release after an independent review led to a "significant" reduction in the valuation of certain intangible assets. The company did not specify any financial details. The Miamisburg, Ohio-based Huffy said it still intends to report earnings before May 24, the final date to allow it to comply with Securities and Exchange Commission guidelines on timely filing.

Lucent Technologies
LU
lost nearly 6 percent after the company agreed to a final settlement with securities regulators related to a four-year probe of the company's financial practices. Under the deal with the Securities and Exchange Commission, Lucent will pay a previously announced civil penalty of $25 million and avoid future violations. See full story.

Shares of Mama.com
MAMA
sank more than 12 percent after the company disclosed in a regulatory filing that its independent auditors have received a request for documents from the Securities and Exchange Commission. The request is related to the informal inquiry by the SEC that the company disclosed on April 6. The inquiry is related to trading in Mama.com's stock, its acquisition activities, and related reporting matters, the company said. In its Form 6-K filing Monday, the Montreal-based provider of Web Search services said its auditors plan to cooperate fully with the SEC's request.

Shares of Protein Design Labs
PDLI, -1.89%
sank nearly 11 percent after the company reported negative results in a Phase II clinical trial of its daclizumab product. Over the weekend, the Fremont, Calif-based company said the humanized antibody failed to meet the primary endpoint in a study for the treatment of severe ulcerative colitis. PDLI said it plans to continue development of daclizumab for other indications including chronic, persistent asthma and multiple sclerosis.

Salton
SFP, -1.69%
shares lost more than 8 percent after the maker of George Foreman Grills and other kitchen devices had its credit rating downgraded late Friday by Moody's, affecting about $275 million in debt securities. Moody's said the company's restructuring violated debt covenants, its latest quarterly results were below expectations and holders risk a high probability of default.

Shares of Sandisk
SNDK
tumbled almost 7 percent after Goldman Sachs lowered its rating on the stock to "in-line" from "outperform." The firm cited a disparity between the share price for Sandisk and the increase in its consensus expectations for its profits and its actual earnings performance. "Consensus estimates have risen by 5 percent since (the firm's upgrade), and the reported quarterly results exceeded both the Q4 and Q1 estimates," Goldman said. "However, after outperforming into its January earnings call, the stock is now down, declining 17 percent since mid-December, while the SOX has declined only 9 percent." The firm believes it's now too late to overweight the stock, and that global DRAM (dynamic random access memory) over-supply may have a spill-over effect on Sandisk's main flash memory market.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.